Profile No. CD-0822, Collection Agency
|Profile No. CD-0822
|NAICS or Sic Code: 561440||Industry: Collection Agencies|
|Gross Sales: $586,761||Sellers Discretionary Earnings: $148,309|
|Value of Assets Included: $15,000||Inventory Included:|
|Asking Price: $350,000
Description: This collection agency collects money owed to their clients! Once the client assigns the account over to this agency they use legal processes to collect amounts owed to their customers which are a mix of local and national accounts. The business continues to have a very steady flow of revenues and profits for the current owner and by following the processes that are in place, a new owner should be able to continue this well into the future. This business is extremely resistant to changes in the economy and unfortunately there are always people that refuse to pay obligations they have incurred.
The company has been in business for over 30 years and the current owner is only the second owner of this successful business. Operated from a very nice office location, they are available for accounts to come by to drop off payments if needed or to meet with clients that enlist their services on a one-time or ongoing basis.
Office space is owned by seller and can be purchased or leased if desired.
Are you looking for a business with a solid history of profitability and a great reputation from which to continue to grow? If so, then look no further. This business offers a new owner a 5 day a week work week with the opportunity to pick and choose which business clients they represent. Currently the business has primarily local area accounts, none of which contribute to more than 25% of the business and they could actively pursue more national accounts if desired.
Seller will offer partial financing for a "qualified purchaser.”.